Industry News

Economy falters, mortgage rates dive

Borrowers with adjustable loans may rush refi market
Published on Nov 2, 2006

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by CareyBot

Mortgage rates dropped this week on news that economic growth came in under expectations, according to surveys conducted by Freddie Mac and In Freddie Mac’s survey, the 30-year fixed-rate mortgage fell to an average 6.31 percent, down from 6.4 ...